Real Talk with RMLS, Episode 5: Statistics on RMLSweb

Real Talk with RMLS, Episode 5: Statistics on RMLSweb

Real Talk with RMLS
Real Talk with RMLS
Real Talk with RMLS, Episode 5: Statistics on RMLSweb
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Beth Raimer hosts Real Talk with RMLS™, a podcast designed for REALTOR® subscribers to get the scoop about all things RMLS™.

This week, Tyler Chaudhary discusses statistical information available through Market Action and other reports on RMLSweb.

 

Music: “The Major Trend” by AG Music (via MelodyLoops.com)

Real Talk with RMLS, Episode 5: Statistics on RMLSweb

MLS Insight: Statistics Galore on RMLSweb

market action 012

This post is part of MLS Insight, a series about how things work at RMLS™.

In our early years, RMLS™ leadership had the goal of positioning RMLS™ as the primary source for information about the residential real estate market—so statistical information has always been a priority. Then and now, RMLS™ provides compiled data and directs media to working REALTORS® for interpretation and projections.

In other words, our expertise is the WHAT, and we leave the WHY to industry professionals who have access to the buyers and sellers whose activity underpins the data on sales, prices, and listings.

Market Action

The first issue of our monthly statistical newsletter, Market Action, was published as four printed pages in March 1992. Today Market Action is 69 pages long and covers all the market areas we serve. Next year, we will be expanding coverage to include separate stats for new construction and existing homes. Watch for a survey question in our Annual Subscriber Satisfaction Survey to weigh in on the most important data to include, or leave a comment below.

Market Trends and Market Stats

To explore the other statistics reports that RMLS™ has to offer, head to the Statistics tab on the RMLSweb menu bar.

Stats2

RMLSweb also features video tutorials on how to use both Market Trends and Market Stats. (You can find these and others on RMLSweb by clicking on Training Tutorials under the Toolkit menu.)

Market Trends allows searching by geography (area number, city, ZIP code) and a few other criteria such as bedrooms, year built, lot size, etc. The resulting report produces not only a summary of data by month within the range you select, but also six graphs like the one below that are a click away from copying for your use in your own CMAs or newsletters.

ChartImg.axd

Market Stats provides several reports. The Comparables Report has several additional graphs which depict sales data by sold terms and number of bedrooms. (See below for the type of info available in the Comparables Report.) The Dollar Value by Area and Inventory Reports are strictly data reports that give a very streamlined overview of market areas.

Comparable Summary

Home Sales Report

In addition to these dynamic reports which pull data according to criteria you select, RMLS™ also provides static reports under the Statistics menu. The Home Sales Report has information as early as 2001. Since July 2011, these reports have presented information for new construction—both separate from existing and combined.

Statistical Summaries

market time summary

Finally, the Statistical Summaries compile years worth of Market Action historical data into a few pages and provide up to nine annual snapshots of various aspects of the residential real estate market in all our market areas. Access them under the Statistics menu on RMLSweb.

As you can see, RMLS™ takes stats seriously! If you would like to learn more about how to use stats in your business, call RMLS™ Training at (503) 236-7657 to get more information.

Thanks for taking this brief tour highlighting some of the statistical information available from RMLS™. Next month we will talk about envisioning an MLS without area numbers. If you have any questions you would like to have answered about how things work at RMLS™, I encourage you to post a comment to this blog.

November 2009 RMLS Market Action Recap

November 2009 RMLS Market Action Recap

Sales up, but in comparison to a dismal month last November

The big highlight this month for many areas is a large jump in closed sales compared to last November. Curry County posted a 141.7% increase and Portland and Clark County set records for percentage increases in same-month sales at 72.4% and 70.5%, respectively.

While these stats are obviously a good sign for market activity, continue to keep in mind that last year we were at the height of the economic crisis and we hit some of the lowest points in sales totals in recent years. So, yes, sales are way up compared to last year, but remember that we’re comparing it to unusually low sales totals.

Has the winter slowdown arrived?
Closed sales had been on the rise in many key areas month-to-month through October, but it appears that the winter slowdown has arrived. Compared to this October, pending and closed sales were down in most areas, including Columbia Basin, Douglas County, Lane County, the Mid-Columbia region,  Portland and Clark County.

Inventory up
Inventory ticked up in every area except Curry County and Union County, however, most areas are well below last year’s inventory levels thanks to fewer listings entering the market and higher sales totals. For example, Portland’s inventory stands at 7.1 months – 53% less than last November’s 15 months of inventory.

Portland Metro & Clark County: Top 5 Areas – Inventory

Top 5 Areas with the Lowest Housing Inventory in September, Portland & Clark County

Below are the five MLS areas with the lowest supply of housing inventory for September 2009 for the Clark County and Portland metro areas. Inventory measures how long, in theory, it would take to exhaust the current supply of housing. We arrive at this number by dividing the number active listings by the number of sales for the month.

Clark County

Area Area # Actives Sales Inventory
Lincoln/Hazel Dell 14 34 10 3.4
Five Corners 25 89 18 4.9
East Orchards 26 90 18 5.0
Cascade Park 24 105 20 5.3
Evergreen 22 276 51 5.4

Portland Metro

Area Area # Actives Sales Inventory
Beaverton/Aloha 150 1,007 204 4.9
NE Portland 142 1,016 185 5.5
North Portland 141 455 75 6.1
Southeast Portland 143 1,396 228 6.1
Hillsboro/Forest Grove 152 880 142 6.2

RMLS Market Action Recap – September 2009

Residential real estate sales tick up in several areas, inventory down

This month’s RMLS™ Market Action report showed a trend of increasing real estate sales & subsequently lower housing inventory in many areas of Oregon & Southwest Washington.

Sales Activity:

Closed sales rose in the following areas this month, compared to the same month in 2008:

Area Closed Sales
Curry County, Oregon 100%
Columbia Basin, Oregon 36.6%
Lane  County, Oregon 23.2%
Clark County, Washington 20.2%
Portland Metro, Oregon 9.8%

Third Quarter Sales Up:

September marked the end of the third quarter and compared to Q3 in 2008, Coos County, Curry County, Douglas County, Lane County, Portland and Clark County all saw sales outpace Q3 in 2008. Clark County led the pack at a clip of 18.7%.

Inventory:

Ten of eleven areas that we cover in the Market Action report saw housing inventory drop from August.  This can be attributed to rising sales in several areas and as we head into the slower fall & winter seasons, fewer homes are being listed as well.

Both the Portland and Clark County areas saw inventory drop to 7.6 months. Lane County has the lowest inventory of the areas we cover at 6.8 months.